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$10,000 Tax Credit for New Home Purchases in San Francisco

From a local mortgage broker I work with:


You probably heard about it already but in case you didn’t, here are the details.


1)      $10.000 tax credit for any NEW DEVELOPMENT purchase between March 1st 2009 and March 1st, 2010

2)      Has to be PRIMARY RESIDENCE


4)      Application has to be received within ONE WEEK after close of escrow

5)      Taxpayer has to occupy home for a minimum of TWO YEARS

6)      Be a single-family residence (attached or detached) – yes, condos count and so do house boats 


Here is the official link to the program


You can also see how many people have applied already (711) and how much is left in the tax credit (maximum of 100M allowed – $7M has already been allocated).


As always, if you are interested in finding out more or have any other mortgage related questions, please do not hesitate to call or e-mail. 


Sergei Andruha
Mortgage ConsultantGuarantee Mortgage Corp.
Direct:    415.309.0157
Fax:       415.520.6600